Edwards has only been in charge for 7 months.
Wolves are understood to have sacked head coach Rob Edwards after just seven months in charge.
The 43 year old was instrumental in signing Kieran Trippier and Raul Jimenez - but couldn't stop the club dropping to the Championship.
It's reported Portuguese manager Cesar Peixoto is being lined up to replace him.

Kildare Ladies Fall To Kerry In Newbridge
Kildare Senior Footballers Play Kerry In All-Ireland Round 2B
League of Ireland Round-Up: Top Two Close The Gap
Ireland's Nations League Match Against Israel Moved From Dublin
Lowe Confirms Leinster Exit To Japan After Nine Years
Ireland March Into World Cup Of Darts Knockouts
Wafer Wins Six Nations Award Again
Walsh And Maguire Make Weekend Cut At Dow Championship